Ifric 12 service concession arrangements and market disclosure quality. Investigation amongst European listed companies in the more extensive scenario of accounting standardisation

The growing complexity of concession arrangements has proved to be a source for problems in terms of the related accounting by operators, or at least up until the issue of IFRIC 12. The research sought to verify if the introduction into Europe of the accounting interpretation has effectively and successfully increased the level and quality of the information released to the market.